Serbia extends deadline seeking JAT investors

The Serbian government has extended the deadline for bids for the financially troubled, state-owned JAT Airways (JU) until Oct. 31.

The Serbian government has extended the deadline for bids for the financially troubled, state-owned JAT Airways (JU) until Oct. 31 (ATW Daily News, Sept. 2). No details have been released about potential investors interested in acquiring JU or at least willing to operate and manage a "new" Belgrade-based airline.
The carrier reported a loss of €16.5 million ($22 million) in 2009 and borrowed €51.5million from the government to renew its fleet and prepare for a ...